Excellon Resources EXLLF ("Excellon" or
the "Company"), Mexico's highest grade silver producer, is pleased to announce significantly improved silver grade, produced
ounces and costs during July and August at the La Platosa Mine in
Durango, Mexico.
Highlights
Production grades of ~900 g/t Ag (~26 oz/T) in July/August, including
over 160,000 ounces of silver production in August;
2.1 million silver equivalent ounces of production targeted for the year
2013;
$14.00 all-in cost per silver equivalent ounce targeted for the year
2013.
"The development into higher grade zones completed in the first half of
the year has put our high-grade, low-cost silver production at La
Platosa firmly back on track," stated Brendan Cahill, President and
Chief Executive Officer. "Grades and ounces produced during the third
quarter have been better than projected and our net cash costs remain
among the lowest in the industry. We expect to see our all-in costs
trending lower through the remainder of the year."
July and August 2013 Production Results
August 2013
July 2013
8-Mos 2013
Tonnes Mined
5,933
5,066
42,738
Tonnes Milled
6,107
4,262
42,338
Grades:
Silver (g/t)
897
895
688
Silver (oz/T)
26.2
26.1
20.1
Lead (%)
7.45
5.84
6.56
Zinc (%)
8.87
8.03
9.79
Recoveries:
Silver (%)
91.7
94.6
93.8
Lead (%)
82.3
87.0
84.6
Zinc (%)
82.6
83.0
83.8
Metal Production:
Silver (oz)
161,559
126,131
879,124
Lead (lb)
825,264
477,245
5,169,690
Zinc (lb)
985,956
625,772
7,675,678
Ag Eq (oz)
229,480
167,494
1,360,825
Cost:
Net Cash/Ag Oz
$5.31
$8.40
$8.19
All-In/Ag Eq Oz
$11.03
$10.60
$16.54
Subject to adjustment following settlement with concentrate purchaser.
Silver equivalent ounces established using prices
See full press release
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